Fenway Sports Group pulls out of the Spanish club deal due to financial limits and LaLiga restrictions, exploring four other clubs instead.
Liverpool owners Fenway Sports Group (FSG) have withdrawn from negotiations to acquire Spanish side Getafe, ending a proposed £115 million ($151.6 million), deal that had been in discussion since early summer. The decision, confirmed Thursday November 13, 2025, marks a setback in FSG’s ambitions to build a multi-club portfolio alongside the Premier League champions.
According to Spanish outlet Marca, the move was primarily driven by financial considerations and regulatory constraints imposed by LaLiga. In Spain’s top flight, club spending on transfers and wages is directly linked to revenue, making an aggressive short-term investment in Getafe’s squad financially unviable.
Complicating matters, Getafe’s squad is one of the oldest in LaLiga, with an average age of 27.6 — the joint-third highest in the league. Four of their five most valuable players are 26 or older, with midfielder Mauro Arambarri, 30, valued at €12 million ($13.9 million). This structure limits potential returns from player sales and necessitates additional spending on younger talent to align with FSG’s self-sustaining model.
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Reports also suggest that owner Angel Torres valued the club closer to £160 million ($210.9 million), further complicating negotiations. “While the deal would have expanded our presence in European football, financial prudence remains essential,” an FSG spokesperson said.
FSG has already identified four other Spanish clubs as potential alternatives: Levante, Elche, Espanyol, and Real Valladolid. Each faces similar spending restrictions, but some may offer younger squads or more favorable conditions. Espanyol, for example, is currently sixth in LaLiga and fields the ninth-youngest squad, with 22-year-old right-back Omar El Hilali as their most valuable player at €15 million ($17 million).
Beyond Spain, FSG has explored other markets, including France — where a previous bid for Bordeaux fell through — and Brazil, with Cruzeiro considered as a potential target. Michael Edwards, recently returned as FSG’s football CEO, is expected to lead the group’s multi-club strategy, ensuring careful market engagement.
FSG emphasized that their withdrawal from the Getafe deal does not end their multi-club ambitions. Instead, it reflects a cautious approach aimed at avoiding high-risk investments while pursuing growth opportunities across Europe and beyond. The group remains committed to expanding its global football network while prioritizing financial sustainability and strategic squad development.